Annual Report - QuamIR

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Notes to the Consolidated Financial Statements (Continued) 43 Notes to consolidated cash flow statement (Continued) (c) Analysis of net inflow of cash and cash equivalents in respect of disposal of subsidiaries 43 (c) 2011 2010 HK$ Million HK$ Million Cash consideration 992.0 – Cash and cash equivalents disposed (41.5) – 950.5 – 44 Non-current assets held for sale On 2 March 2011, Dorboy Investment Limited, an 80%-owned subsidiary of the Group entered into a Disposal Framework Agreement with an independent third party for disposal of its entire equity interest, loan interests and liabilities in Shenzhen Jing-Guang Development Company Limited which is the owner of Jingguang Centre at Yanhe Road North, Luohu, Shenzhen, the PRC. The total amount of consideration is RMB850.0 million. The transaction was completed in 2011. 44 80% 850,000,000 As at 31 December 2010, the assets and liabilities related to disposal group of non-current assets (part of the property investment and leasing segment) were presented as held for sale. (a) Assets of disposal group classified as held for sale (a) 2010 HK$ Million Investment properties 1,009.9 Property, plant and equipment 0.8 Trade and other receivables 0.8 Cash and cash equivalents 11.3 1,022.8 182 HKC (Holdings) Limited • <strong>Annual</strong> <strong>Report</strong> 2011
Notes to the Consolidated Financial Statements (Continued) 44 Non-current assets held for sale (Continued) (b) Liabilities of disposal group classified as held for sale 44 (b) 2010 HK$ Million Other payables 41.5 Bank borrowing 168.1 Other loan 76.0 285.6 At 31 December 2010, certain investment properties with carrying value of HK$698.2 million was pledged as securities for the bank borrowing. (c) Cumulative income or expense recognised in other comprehensive income relating to disposal group classified as held for sale 698,200,000 (c) 2010 HK$ Million Currency translation differences 73.6 • 183
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HKC (HOLDINGS) LIMITED (incorporat
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Contents 2 Corporate Information
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Corporate Information (Continued)
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Chairman’s Statement (Continued)
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Chairman’s Statement (Continued)
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Management Discussion and Analysis
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Corporate Governance Report (Contin
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Directors and Senior Management (Co
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Report of the Directors (Continued)
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Independent Auditor’s Report (Con
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Consolidated Statement of Comprehen
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Consolidated Balance Sheet (Continu
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Consolidated Statement of Changes i
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Consolidated Statement of Changes i
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Notes to the Consolidated Financial
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Page 199: HKC (HOLDINGS) LIMITED 9/F., Tower
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Annual Report - QuamIR

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